RE: Bubbles and Hyperwaves: What about Steem?
Honestly @aggroed, i wouldn't take much for granted the "knowledge" that people say they have about Elliot Waves.
Check this article for a good reference: https://www.investopedia.com/university/advancedwave/
Elliot waves is too subjective to have some statistical applicability, wich is the basis of Technical Analysis.
I never heard of these hyperwaves, but from what i read, it looks too convenient to turn a bubble pattern in a positive pattern. Honestly, so far, i don't bite it.
Also, be ware when paying attention to "Analysts" that say that prices of assets moves like quantum waves. This just doesn't make sense.
There is only two things that move prices: Supply and Demand. If more people are buying, the price goes up. If more people are selling, the prices go down.
The technincal indicators are only references to how the players on the markets tend to behave at certain prices.
It's a hard road to join the game my friend, but not an impossible one.
Thank you @phgnomo for writing this, as it has saved me from having to put a comment together that would end up a lot less polite than yours. There is much I would also add to your comment but I'll leave it for now :). Mind you I do feel a post coming on regarding voodoo and holy grails, but I guess we all went down these rabbit holes in the beginning and @aggroed will be no different.
Markets are a weird world. Probably because there is so much money involved, and so much promises of easy money.
But i think the main problem is that people are misdirected to the make money part before trying to learn how things work for real.
That way, only one kind of player wins: the sharks.
It's not by mistake that the players on the markets are called smart money and dumb money.